Indian jute exporter Cheviot Co set for worst week in nearly a year

Cheviot

14/02/2025 05:22

** Shares of Cheviot Co  CHVI.NS  set for worst week since
mid-March 2024 
    ** Stock has lost 9% so far this week, last down 7% on the
day
    ** CHVI fell as much as 11% earlier in the session to
1049.60 rupees, lowest since April 2023
    ** Co, which makes and exports jute products, posted a 81%
slump in Q3 profit
    ** Total income in the reporting qtr fell 9% 
    ** Trading vols at 6,540 shares, over 2x the 30-day avg 
    ** Stock has fallen ~15% YTD; in 2024 it shed ~11%

($1 = 86.8825 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))